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20121201
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with more of the special coverage after this. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by
. michael crowly the deputy washington bureau chief of "time" magazine. michael, let's start with this emerging compromise but i think the big piece of it sort of if you're a democrat, the big piece of this potentially is social security. this is at the heart of new deal and the safety net and the heart of the proud democratic party and obama looking at here is something called chain cpi. that basically means changing the cost of living formula for social security in a less generous way and cost the average beneficiaries more and more money the longer on social security and basically a benefit cut and a small but regressive tax increase because it would affect the income cutoffs for tax brackets. it strikes me that there could be real problems here for obama in terms of selling it to democrats in congress although i heard nancy pelosi today didn't seem too cool toward it at all. where do you think this stands with democrats right now, this social security idea? >> well, don't like it for the reasons that you say, and it is a regressive way of cutting benefits. you know, socia
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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